$BTC 7.4 Friday Morning Bitcoin Ethereum Latest Market Analysis and Trading Suggestions:
On the investment journey, mindset is the shield, trust is the sword; the core chip for retail investors to break through has never been limited to candlestick charts. Do not forget the original intention of the expedition due to a momentary defeat, and do not give up the established course because of a single setback. You give me a measure of trust, and I will systematically help you prevail. Looking back at the early morning, Bitcoin rebounded to a peak of 109956 before pulling back, with the lowest touching the line of 109493. Ethereum moved in sync with Bitcoin, rebounding from a peak of 2565, reaching a high of 2603, and currently pulling back around 2580.
From the current market situation, the four-hour MACD fast and slow lines may form a death cross at high levels or show signs of shortening red bars. RSI has retreated from the overbought area and is currently in the 50-60 range. This indicates that upward momentum has temporarily weakened but has not entered the oversold region. It is necessary to observe whether it can stabilize above 50. The Bollinger Bands price has retreated from the upper band and is testing the middle band support near 109500. If the middle band holds, there is still a possibility of rebounding towards the upper band; if it breaks, it may slide towards the lower band. In the morning operation, a low long strategy was suggested; if the rebound fails, consider changing the strategy.
Friday Morning Strategy:
Buy Bitcoin around 108800-108500, aiming for 110500.
Buy Ethereum near 2560, target focus on 2650.